AMFI September Data, Oct. 10 -- Inflows into equity mutual funds dropped 9% to Rs.30,421 crore against Rs.33,430 crore in August.

Last month, inflows into equity funds dropped by 22% month-on-month.

Inflows into equity funds across market cap saw a decline: large cap, mid cap and small caps fell by 18%, 4.5%, 12.6%, respectively.

Meanwhile, inflows into flexi cap funds also dropped to Rs.7,029 crore against Rs.7,679 crore in the preceding month.

However, given the spike in gold prices, gold ETFs saw a massive jump in inflows to Rs.8,363 crore against Rs.2,189 crore.

September also saw nine new fund launches (NFOs) which collectively raised a total of Rs.1,959 crore. Of these, there was one sectoral/thematic fund, one hybrid fund and ...